Lucosky Brookman LLP - Uplisting Monthly - August 2021

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UPLISTING MONTHLY August 2021


Congratulations Congratulations to the 19 issuers whom successfully uplisted from the OTC Markets and cross-listed from a foreign exchange to the NASDAQ and the NYSE this month.


Uplisting Summary The 2021 summer has come to an end but the uplisting and cross-listing market is still going strong with 19 issuers listing their shares on the NASDAQ and the NYSE in August, raising a combined $107 million. Year-to-date, uplisted and cross-listed companies have raised approximately $769 million. Companies who operate in eight different sectors made up the August 2021 class of uplisted companies including from biotechnology, technology, mining, manufacturing, banking, media and entertainment, and communications. Eleven of the newly exchange traded companies were listed organically, meaning they did not require a simultaneous offering in order to consummate the uplisting or cross-listing to a senior exchange. Eight of the uplistings and cross-listings included offerings ranging from approximately $3,500,000 to $38,500,000, with a good cross section of investment banking partners including EF Hutton, Joseph Gunnar, Maxim Group, ThinkEquity, WallachBeth, Piper Sandler, Stephens, and Bousted Securities. Of these eight companies that raised capital in connection with their listing, three included tradeable warrants as part of the transaction. Overall, like the larger capital markets, the uplisting and cross-listing marketplace continues to be extremely active. We anticipate continued active participation for uplistings and crosslistings in the months ahead even if the broader markets begin to slow.


$107 Million Raised in August $769 Million Raised in 2021 19 Uplists and Cross-lists in August 2021 80 Uplists and Cross-lists in 2021 OTC MARKETS / CROSS-LISTINGS August 15

Year-To-Date 50

13

47

40 10

33

30

6

20

5

10

0

UPLIST (OTC)

0

CROSSLIST (FOREIGN)

UPLIST (OTC)

CROSSLIST (FOREIGN)

UNDERWRITER LEAGUE TABLES August

Year-To-Date Leaderboard

Number of Transactions

Amount Raised

Number of Transactions

Amount Raised

2 2 1 1 1 1 1 1

$38.5m $38.5m $21.5m $21.25m $10m $9m $9m $6.25m

8 8 7 3 3 2

$164m $125.6m $86m $82m $39.6m

Maxim Group ThinkEquity EF Hutton Joseph Gunnar Bousted Securities WallachBeth Capital Piper Sandler Stephens

Piper Sandler Stephens Maxim Group ThinkEquity Bousted Securities EF Hutton Joseph Gunnar WallachBeth Capital

Year-To-Date Leaderboard does not include $175.5m joint underwriter capital raise transaction undertaken by Cowen, Stifel Nicolaus and William Blair

EF Hutton ThinkEquity Maxim Group Joseph Gunnar Roth Capital Dawson James

ThinkEquity EF Hutton Roth Capital Maxim Group Dawson James


NASDAQ / NYSE

August

20

Year-To-Date

17

15 50 10

5

NASDAQ

NYSE

Bio.

SECTORS

Tech. Manu.

1 1 1 1 1

Media Comm. Min. Hold. Bank. 0

5

2

11

0

7

NASDAQ

NYSE

24

Tech.

7 6

Food

4 4

Manu. Comm. Other 4

6

8

0

5

10

11 15

35

40

10

7

20

45

50

12

20

Bio.

Min.

2

15

ORGANIC

25

2

0

30

20

5

10

0

ORGANIC

W/ CAPITAL RAISE

5

5

WARRANTS

69

75

4

3

0

25

20

3

3

10

1

5

YES

TRADEABLE

21

W/ CAPITAL RAISE

18

15

2

0

ORGANIC

NO

0

YES

TRADABLE

13

NO

25


August 2021

37% of this month's uplistings and cross-listings were from the Biotech sector with 7 listings raising approximately $18 million, bringing the year-to-date count to 21 Biotech listings raising approximately $147 million.

The single largest capital raise this month was from the Banking sector, raising $38.5 million. The smallest capital raise this month was from the Technology sector, raising $20 million.

3.2 Months Of the 19 total uplistings in August, 8 were assisted by investment banks to raise capital. Piper Sandler and Stephens, Inc. raised the most money for uplisted companies this month, while Maxim Group and ThinkEquity each closed the most offerings (two each).

The average timeframe for uplisted companies from the filing of the company's initial Registration Statement to effectiveness and pricing on the NASDAQ or the NYSE.


Additional Information Lucosky Brookman tracks uplisting and cross-listing information throughout the industry, including, but not limited to, the following data points. Please contact us if you wish to receive additional information relating to the uplisting and cross-listing market or any specific company. Transaction-specific data Capital Raise Amount Listing Price Underwriter Cross-listing Exchange, if applicable Time Frame Initial trading data Warrant availability Tradeable warrant availability Reverse split information, if applicable Company professional information Underwriter professional information Company auditor

Industry-specific data Market trends Year-to-date underwriter aggregate capital raise amounts Year-to-date underwriter aggregate number of transactions Year-to-date Sector information Average Listing Prices


Lucosky Brookman LLP Lucosky Brookman is a corporate law firm directly serving the microcap and smallcap markets with offices in New York, New Jersey and Philadelphia. Whether our clients engage in an uplist, cross-list, direct list, SPAC, merger or IPO through a private placement, firm commitment underwriting, Reg A or otherwise, Lucosky Brookman is at the forefront of sophisticated OTC and senior domestic and foreign exchange listing transactions. Lucosky Brookman is the industry leader in uplisting domestic or foreign quoted OTC companies and foreign exchange listed companies to the NASDAQ or NYSE. For micro or small cap companies to succeed in the uplist process, they need to have more than just an attorney, they need an advocate, a leader, a quarterback to proactively usher the company through the process and across the finish line. For 11 years, the attorneys at Lucosky Brookman have successfully assisted numerous companies achieve their goals by completing successful listing transactions on the NASDAQ or NYSE – many times in connection with a simultaneous financing transaction and/or a restructuring. The Uplisting Monthly report is the most comprehensive resource dedicated to the Uplist and cross-list marketplace. It brings powerful and in-depth market data and analytics to help issuers, management teams, boards of directors, consultants and others involved in the uplisting and cross-listing process make better decisions. We welcome your feedback. Please contact us if you would like to discuss your company's uplisting or cross-listing prospects, if you would like to better understand the uplisting and cross-listing marketplace or if you would like to receive an Uplisting Analysis. Lucosky Brookman LLP www.lucbro.com